1425 Cedar Long Beach, CA 90813
Listing Courtesy of: CRMLS / Listed By: Anthony Walker, Buckingham Investments, Inc - Contact:  310-561-4776

  1425 Cedar Long Beach, CA 90813

Active (62 Days)
$1,995,000 (USD)

Description

Amazing 7.4% in-place yield plus a 10% upside to an 8.4% cap rate at market! 1953-built, 10-unit property in a dense, high-demand rental area of Long Beach. 8.9X GRM on current rents and 8.1X GRM at market for postwar units under $200K/door. Strong unit mix: (8) 1 bed / 1 bath and (2) 2 bed / 1 bath units. 4 of 10 units just remodeled with new flooring, lighting, kitchens and bathrooms. Community laundry room plus 4 garages for added income or ADU conversion potential. All units separately metered for gas and electricity.



Directly across from Washington Middle School, currently undergoing a $176 million reconstruction. Just a few blocks to the Metro Blue Line rail station, PCH and the 710 Freeway. Over 60% of households within 5 miles are renters with an average household income of over $94,000 (Costar).

MLS #:
SB26242091
Lot Size
6,691 SQFT
Type
Multifamily
Year Built
1953
County
Los Angeles County
Community
Washington

Listed By

Anthony Walker, Buckingham Investments, Inc, Contact: 310-561-4776
Source
CRMLS
Last checked Nov 13 2026 at 4:27 PM GMT+0000
Bathroom Details
Interior Features
  • Laundry: Common Area
  • Gas Range
Subdivision
  • Washington
Lot Information
  • Rectangular Lot
Property Features
  • Foundation: Raised
Heating and Cooling
  • Wall Furnace
Flooring
  • Tile
  • Vinyl
Exterior Features
  • Roof: Flat
Utility Information
  • Utilities: Water Connected, Sewer Connected, Electricity Connected, Natural Gas Connected, Water Source: Public
  • Sewer: Public Sewer
Stories
  • 2
Additional Information: Buckingham Investments, Inc | 310-561-4776
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of {11/13/26 08:27} and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.